Woori Financial Group (Woori Financial Group) Debt-to-Equity : 2.37 (As of Dec. 2023)

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What is Woori Financial Group Debt-to-Equity?

Woori Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Woori Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $57,561 Mil. Woori Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $24,277 Mil. Woori Financial Group's debt to equity for the quarter that ended in Dec. 2023 was 2.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Woori Financial Group's Debt-to-Equity or its related term are showing as below:

WF' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.24 Med: 2.38 Max: 2.67
Current: 2.37

During the past 8 years, the highest Debt-to-Equity Ratio of Woori Financial Group was 2.67. The lowest was 2.24. And the median was 2.38.

WF's Debt-to-Equity is ranked worse than
88.31% of 1394 companies
in the Banks industry
Industry Median: 0.68 vs WF: 2.37

Woori Financial Group Debt-to-Equity Historical Data

The historical data trend for Woori Financial Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Woori Financial Group Debt-to-Equity Chart

Woori Financial Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.38

2.53

2.67

2.47

2.37

Woori Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.47	2.45	2.44	2.33	2.37

Competitive Comparison of Woori Financial Group's Debt-to-Equity

For the Banks - Regional subindustry, Woori Financial Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Woori Financial Group's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Woori Financial Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Woori Financial Group's Debt-to-Equity falls into.

Woori Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Woori Financial Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	57561.423)	/	24277.073
	=	2.37

Woori Financial Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	57561.423)	/	24277.073
	=	2.37

Woori Financial Group (NYSE:WF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Woori Financial Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Woori Financial Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Woori Financial Group (Woori Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woori Financial Group Inc (NYSE:WF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

316140:Korea

Address

51, Sogong-ro, Jung-gu, Seoul, KOR, 04632

Website

https://www.woorifg.com

Woori is one of Korea's four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets but is now number four after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government has completed the process of fully divesting itself of Woori, with Korea Deposit Insurance selling its final 1.2% stake in late 2023.

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